Today’s Market Trend

WTI crude prices are in the $46.00/b-$46.25/b range this morning. Yesterday, WTI prices strengthened midday, topping $46.50/b for a time and closing at $46.46/b. But prices subsided overnight and in early morning trading. WTI opened at $45.94/b today, down by $0.07, or 0.15%, below yesterday’s opening price. Current prices are $46.13/b, down by $0.33 from […]

Fuel Economy Improvements Are Projected to Reduce Future Gasoline Use

Anticipated changes in energy consumption by light-duty vehicles in the United States are based on two factors: the amount of travel and the fuel economy of the vehicles used. The Annual Energy Outlook 2017 (AEO2017) Reference case projects a decline in light-duty vehicle energy use between 2018 and 2040 as improvements in fuel economy more […]

Today’s Market Trend

WTI crude prices are in the $45.75/b-$46.00/b range this morning. Prices sagged below $46/b in early morning trading. Yesterday, WTI prices managed to maintain a net-positive position for the day, though gasoline and diesel both closed the day lower. WTI opened at $46.01/b today, an increase of $0.21, or 0.46%, above yesterday’s opening price. The […]

EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended June 12th, 2017. The recent slump in crude prices was reflected in nationwide declines in retail gasoline and diesel prices. Prices for diesel decreased by 4.0 cents per gallon, while gasoline prices dropped by 4.8 cents […]

Today’s Market Trend

WTI crude prices have strengthened to $46.50/b this morning. WTI prices were flattish on Friday, but ended the day up by $0.12/b. The week ended $1.88/b in the red. WTI opened at $45.80/b today, an increase of $0.09, or 0.20%, above Friday’s opening price. Current prices are $46.50/b, up by $0.67 from Friday’s closing price. […]

Today’s Market Trend

WTI crude prices are down in the range of $45.40/b-$45.80/b this morning. WTI prices stagnated yesterday and closed at $45.64/b. WTI opened at $45.71/b today, a decline of $0.14, or 0.31%, below yesterday’s opening price. Current prices are $45.70/b, up by $0.06 from yesterday’s closing price. Diesel opened at $1.4225/gallon this morning. This was a […]

Weekly Price Review

Oil prices declined significantly this week, for the second week in a row. Many traders had hoped for a more dramatic outcome from the May 25th OPEC-NOPEC meeting, and prices began to falter when the group stayed with the original idea of appending an extension to the existing production cut agreement. This week, the supply-demand […]

Today’s Market Trend

WTI crude prices have collapsed below $45.50/b this morning. WTI opened at $45.85/b today, a major drop of $2.13, or 4.44%, below yesterday’s opening price. Current prices are $45.44/b, a further decline of $0.28 below yesterday’s closing price. This is the lowest price in over a month. Diesel opened at $1.4268/gallon this morning. This was […]

Today’s Market Trend

WTI crude prices are in the $47.75-$48.00/b range this morning. Prices strengthened for a time yesterday, peaking at a high of $48.40/b, before gradually declining. WTI opened at $47.98/b today, an increase of $0.58, or 1.22%, above yesterday’s opening price. Current prices are $47.87/b, a decrease of $0.30 below yesterday’s closing price. Diesel opened at […]

Today’s Market Trend

WTI crude prices have continued to weaken, and they are in the $47.00-$47.50/b range this morning. WTI opened at $47.40/b today, a decline of $0.31, or 0.65%, below Monday’s opening price. Current prices are $47.28/b, a decrease of $0.12 below Monday’s closing price. Diesel opened at $1.4594/gallon this morning. This was a drop of 2.41 […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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